Oak Valley Bancorp (NASDAQ:OVLY) Stock Crosses Below 200-Day Moving Average of $25.62

Oak Valley Bancorp (NASDAQ:OVLY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.62 and traded as low as $23.03. Oak Valley Bancorp shares last traded at $23.42, with a volume of 10,960 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, April 19th.

Oak Valley Bancorp Price Performance

The company has a market capitalization of $195.79 million, a PE ratio of 7.08 and a beta of 0.36. The stock’s 50 day simple moving average is $23.99 and its 200-day simple moving average is $25.62.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OVLY. Allspring Global Investments Holdings LLC acquired a new stake in Oak Valley Bancorp during the 3rd quarter worth approximately $55,000. SG Americas Securities LLC purchased a new stake in shares of Oak Valley Bancorp during the fourth quarter worth $110,000. BNP Paribas Financial Markets raised its stake in shares of Oak Valley Bancorp by 68.4% in the fourth quarter. BNP Paribas Financial Markets now owns 11,364 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 4,616 shares in the last quarter. Empowered Funds LLC boosted its holdings in Oak Valley Bancorp by 7.9% in the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 2,450 shares during the period. Finally, FMR LLC boosted its holdings in Oak Valley Bancorp by 2.0% in the third quarter. FMR LLC now owns 214,083 shares of the financial services provider’s stock valued at $5,369,000 after purchasing an additional 4,213 shares during the period. Institutional investors and hedge funds own 30.86% of the company’s stock.

Oak Valley Bancorp Company Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.